Yes, Just Add Cable Companies, That's the Ticket

There is a reason that cable providers are the most widely loathed businesses in the United States.

It's also the reason why so many people are cutting the cord. (not me ……… yet) 

It appears that the Comcast, a company so sh%$ty that it had to rename itself Xfinity, has a plan, they are going to insert themselves between streaming services and users and charge a toll.

I'm not sure how exactly they think that they are going to convince either the streaming providers or their customers to agree to this, but my guess is that it involves lots of money lobbying Congress for legislation requiring that they be gate-keepers:

In an ironic twist, cable TV and Internet provider Comcast has announced that it, too, will sell a bundle of video-streaming services for a discounted price. The announcement comes as Comcast has been rapidly losing cable TV subscribers to streaming services and seeks to bring the same type of bundling that originally drew people away from cable to streaming.

Starting on an unspecified date this month, the bundle, called Streamsaver, will offer Peacock, which Comcast owns, Apple TV+, and Netflix to people who subscribe to Comcast's cable TV and/or broadband. Comcast already offers Netflix or Apple TV+ as add-ons to its cable TV, but Streamsaver expands Comcast's streaming-related bundling efforts.

Comcast didn't say how much the streaming bundle would cost, but CEO Brian Roberts said that it will “come at a vastly reduced price to anything in the market today" when announcing the bundle on Tuesday at MoffettNathanson’s 2024 Media, Internet and Communications Conference in New York, per Variety. If we factor in Peacock's upcoming price hike, subscribing to Apple TV+, Netflix, and Peacock separately would cost $39.47 per month without ads, or $24.97/month with ads.

According to Roberts, Comcast is hoping that the upcoming package will help Comcast "add value to consumers" and "take some of the dollars out of” other streaming businesses.

 So, why would Comcast do this?  Because its abused customers are leaving in droves:

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Last month, Comcast said it lost 487,000 cable TV subscribers in Q1 2024. It ended the quarter with 13,600,000 subscribers, compared to 14,106,000 at the end of 2023 and 16,142,000 at the end of 2022.

Comcast's broadband subscriber base also decreased from 32,253,000 at the end of 2023 to 32,188,000.

Peacock, Comcast's flagship streaming service, hasn't made any money since launching in 2020 and lost $2.7 billion in 2023. However, in April, Comcast said that Peacock's Q1 losses lessened from $704 million in Q1 2023 to $639 million in Q1 2024.

It's worth noting that in January, Comcast raised prices for its cable and Internet services by 3 percent, blaming the price hikes on broadband investments and an increase in programming costs.

So, will it work?  Probably not.

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One of the common reasons people abandoned cable TV were bundled packages that forced people to pay for services, like phone or Internet, or channels that they didn't want. Now, Comcast is looking to save its shrinking subscriber base by bundling its cable TV or Internet service with some of its biggest competitors. Like streaming services, Comcast is hoping that bundling its products will deter people from canceling their subscriptions since they're tied to each other.

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But Comcast's announcement hints at déjà vu as Comcast blatantly seeks to re-create the cable bundle or triple-play package using the very streaming services that are eating away at Comcast's cable business. Ironically, Comcast is seeking to bandage a declining business by feeding some of the biggest contributors to that decline, using the same tactics that drove many customers away in the first place.

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But for people who left cable to avoid overloaded bundled packages and to get away from companies like Comcast, which group cable TV or Internet with streaming services that often raise prices, limit show and movie availability and features, and increasingly focus on ads, it just isn't worth the monthly savings.

Companies like Comcast spent decades abusing their customers, because they had effective monopolies where they operated.

Former customers will not forget this.